Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL
Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday.
Bankruptcy
Celsius Network Files ‘Adversary Complaint’ Against EquitiesFirst to Recover Assets
EquitiesFirst, a private lender, owed Celsius $439 million of assets as of July 2022.
Genesis Global Capital Files for Over $600M in Unpaid DCG Loans: Court Docs
Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesday.
Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX Deal
Genesis is facing headwinds as it seeks to finalize its wind-up after a January bankruptcy – and is now being accused by Gemini and other creditors of voter “manipulation.”
Gemini Opposes Genesis Bankruptcy Plan: ‘Woefully Light on Specifics’
Attorneys for crypto exchange Gemini argued that a proposed resolution for Genesis’ bankruptcy doesn’t have enough detail or provide any assurances for some if its largest debtors in a new filing Wednesday.
Celsius Token Holders Lose Bid to Hike CEL Valuation
Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of market manipulation
Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.
FTX, BlockFi, Genesis Customer Data Compromised in Kroll Hack
A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies.
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.
DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon
Digital Currency Group comments on the restructuring in an investor letter.